Correct. You can see the announcement here. Part of this change includes support for string-based channel now opposed to just numerical channel for all supported item types.
You are on the right track. The new channel integration requires the channel mappings to be configured for String item. However, it will fallback using the state description options as mentioned in the documentation. The difference now is that previously it would remove any non-numerical values from it and now it will retain them for String item. Could you confirm how many entries that are listed in your state description options for your channel item?
Also, were you able to control your TV channel previously with Alexa? Some of the changes I introduced were based on your use case. You should be able to use ChannelStep
linked to your LG WebOS binding channel up/down actions to control channel adjustments.